Actuarial Specialist - Risk Management

Trisura Guarantee Insurance Company; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a dynamic and innovative insurance company as an Actuarial Specialist in Risk Management. This role offers the chance to work with a talented team focused on developing cutting-edge risk and capital models. You will play a pivotal role in overseeing technical financial risks and providing valuable insights to enhance business planning and compliance. If you are passionate about actuarial science and eager to contribute to a forward-thinking organization, this opportunity is perfect for you. Be part of a company that values your expertise and fosters a collaborative environment where your contributions are recognized and rewarded.

Qualifications

• 7+ years of experience in actuarial roles with a focus on property and casualty insurance.
• Broad knowledge of actuarial methods and risk modeling techniques.

Responsibilities

• Collaborate on risk and financial modeling for reinsurance and climate scenario testing.
• Oversee catastrophe modeling and provide risk management advisory.

Skills

Risk Modeling

Financial Forecasting

Regulatory Knowledge

Advisory Skills

Stress Testing

Education

Associate or Fellow of the Casualty Actuarial Society

Tools

Diva

Arius

Catastrophe Modeling Tools

Job description

Friday, February 28, 2025

At Trisura, we expect more because we believe it can be done better.

We are a young, growth-oriented team with a commitment to exceptional talent and have been named one of Canada’s Top Small and Medium Employers since 2017. Our growth and our entrepreneurial style, niche market position, and development opportunities ensure that our people see the results of their commitment reflected in the company’s success.

We are currently seeking a qualified individual to join our dynamic, forward-thinking team of Risk Management professionals in our Toronto office.

ACTUARIAL SPECIALIST – RISK MANAGEMENT

We are a fast-growing commercial property and casualty insurance company with operations in Canada and the United States. Our business focuses on commercial lines with a smaller personal lines portfolio. Some of our key products include liability, property, surety, and warranty. This is an exciting opportunity to join the small and growing Risk Management Department. We are looking for a technical and dynamic actuary reporting to the Chief Risk Officer of Trisura Specialty, one of the main operating divisions of Trisura Group.

Accountabilities Include:

1. Collaborate with the Corporate Actuarial Department in risk and financial modeling related to:
1. Development of new risk and capital models with an initial focus on reinsurance counterparty credit risk and climate scenario testing
2. Continued development and execution of other risk modeling supporting the ORSA and FCT processes
3. Continued development of the financial forecast model and use of the model to support business planning, capital planning, and the evaluation of new business opportunities
4. Implementation of property concentration mapping and deterministic catastrophe scenario testing
2. Provide oversight of catastrophe modeling done by third parties
3. Provide oversight of technical financial risks including Insurance Risk, Catastrophe Risk, and Reinsurance Counterparty risk within Trisura Specialty
4. Maintain a thorough knowledge of regulatory capital regimes in Canada and the United States as well as the Best Capital Adequacy Ratio. Support the incorporation of new risks and regulatory requirements within our risk and compliance framework through project initiatives as needed.
5. Act as an advisor to the business on risk issues and provide ad hoc support such as the development of reporting, controls, policies, or processes.
6. Support other risk management or actuarial projects or analyses as needed.

Qualifications:

1. Associate or Fellow of the Casualty Actuarial Society
2. 7+ years of relevant work experience
3. Broad knowledge of actuarial methods in property and casualty insurance
4. Experience with risk modeling, stress testing, and stochastic modeling is an asset.
5. Familiarity with software such as Diva, Arius, and catastrophe modeling tools is an asset.

If you are looking for a career in an exciting and rewarding company, are driven to excel, thrive in a team environment, and want to contribute to the success of an organization that values your contribution, we would like to hear from you!

We are committed to an inclusive and barrier-free workplace that reflects the diversity in each of our offices across Canada. Accommodations will be provided on request for candidates taking part in all aspects of our recruitment and selection process.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.

Trisura, headquartered in the heart of Canada’s financial district, is a specialty lines insurer with a focus on Surety, Specialty Insurance, Property & Casualty, and Warranty products. Trisura brings innovative solutions and expertise through a select network of both national and regional brokerage firms. The company, founded in 2006, operates across North America with offices in Toronto, Halifax, Montréal, Calgary, Vancouver, Stamford, Denver, Chicago, Philadelphia, and Oklahoma City, uniquely positioned to satisfy all varieties of risk in Contract, Commercial and Developer Surety, Directors' and Officers' Liability, Fidelity, and Professional Liability including Media Liability, as well as Warranty products.

trisura.com/careers

• 333 Bay St., Toronto, ON M5H 2R2, Canada